Microeconomics of Banking

Description

Publisher: The MIT Press
Language: English
ISBN: 0262061937
Paperback: 312 pages
Data: October 17, 1997
Format: PDF
Description: Sudipto Bhattacharya, Professor of Finance, London School of Economics
"Freixas and Rochet have coauthored an excellent book, encompassing most of the major developments in the theoretical literature of the last twenty years on credit markets and rationing, the monitoring and risk-sharing roles of financial intermediaries, the modelling of liquidity risk and its allocational consequences, bank runs and attendant regulatory measures, and the control of risk-taking by banks subject to deposit insurance. Elegant in its conception, comprehensive in its coverage of the core literature, and lucid in its expositional clarity, this book should be suitable for Masters level and advanced undergraduate courses on Money and Banking, as well as a background reference book for specialized Doctoral courses in Finance. Professors Freixas and Rochet, whose earlier research work provided major impetus to Contract Theory, have made a splendid and much needed expositional contribution to their recently adapted field of Financial Economics, for students and teachers alike."

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